Who owns Speedy Cash?
Speedy Cash is owned by Galt Ventures LLC. Speedy Cash owns and operates Rapid Cash. Rapid Cash is being sued in a class-action lawsuit in Carson City, Nevada on behalf of 16,000 people.
Can speedy cash be trusted?
The company offers several types of loans, so borrowers can choose the option that makes the most sense for their needs and financial situation. While its interest rates are high, Speedy Cash is a legit option for people who need cash fast and can pay it back within the allotted time.
What happens if I don’t pay back Speedy Cash?
Payday loans come with exorbitant interest rates and fees that often make them very difficult to repay. If you can’t pay back a payday loan, the account may be sent to a collection agency, which will damage your credit.
Does Speedy Cash show up on your credit report?
Speedy Cash reports to credit bureaus in some states. Making on-time payments could improve your credit score, and late payments, missed payments, or other defaults on your account may also be reflected in your credit report.
What happens if I don’t pay Speedy Cash back?
Does Speedy Cash Check your credit score?
Speedy Cash will perform a credit check once you apply — which could negatively affect your credit scores by a few points.
What happens if you don’t pay back speedy cash?
What happens if I don’t pay speedy cash back?
How many payday loans can I have at once?
3) Limits on number of loans: If a borrower takes out three payday loans in “quick succession,” lenders must cut them off for 30 days. Also, unless they can prove an ability to pay it all back, borrowers cannot take out more than one payday loan at a time.
Why am I being denied a payday loan?
The most common reasons you would get denied for a payday loan (or any loan) would be your credit score, your income, and your past borrowing history. While many payday lenders do cater to borrowers with less-than-average credit scores, some won’t lend to you if they know you don’t have the ability to repay the loan.
How do you qualify for payday loans?
According to the government’s Consumer Financial Protection Bureau (CFPB), to qualify for a loan, most payday lenders only require that borrowers:
- Be at least 18 years old;
- Have an active checking account; and.
- Provide some proof of income as well as valid identification.